Follow us on

CORRECTED-India cbank sells 99.03 bln out of 120 bln rupees in t-bill sale

Source : REUTERS
Last Updated: Wed, Feb 27, 2013 12:00 hrs

(Corrects paragraph 1 to say cut-off yields were above, not below, estimates; also corrects poll results in paragraph 2 to 8.05 pct, from 8.5 pct)

MUMBAI, Feb 27 (Reuters) - India's central bank sold 99.03 billion rupees of treasury bills at a weekly auction on Wednesday, well below the 120 billion rupees scheduled, with cut-off yields coming above estimates.

The cutoff yield on the 91-day treasury bill was at 8.1022 percent versus 8.0187 percent last week, it said. A Reuters poll estimated the cutoff level at 8.05 percent.

The yield on 182-day treasury bill was at 8.0303 percent versus 7.9436 percent two weeks ago, the Reserve Bank of India said. (Reporting by Subhadip Sircar)

blog comments powered by Disqus
most popular on facebook
talking point on sify finance